CCTV.com - CNTV English - CCTV News

Zijin Mining fell after told to limit production

07-28-2010 10:43 BJT

BEIJING, July 28 (Xinhua) -- Shares of Zijin Mining Group Co. fell 1.4 percent to 5.64 yuan (0.83 U.S. dollar) at Wednesday's opening on the Shanghai bourse after the company said late Tuesday that it was asked to limit production at a gold mine in the area where its copper mine polluted a river in east China's Fujian Province.

The local government of Shanghang County, where Zijin is headquartered, made the decision to limit the company's output to a level that can ensure the safety of environment, according to the company's statement filed to the Shanghai Stock Exchange.

The decision is expected to cut the company's gold output by 1 tonne this year, said the statement. Statistics show Zijin produced 75.37 tonnes of gold in 2009, up 31.05 percent from the previous year.

Between 4 p.m. July 3 and 2:30 p.m. July 4, about 9,100 cubic meters of waste water spewed from a blown-out sewage tank at a copper plant owned by Zijin into the Tingjiang River in Fujian Province, killing thousands of fish.

Trading of the company's stock was suspended for two days in Hong Kong and Shanghai pending the sensitive announcement.

The shares fell 0.4 percent to 5.72 yuan at previous trading on July 23.

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program